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SUBSEQUENT EVENTS (Details Textual) (USD $)
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1 Months Ended |
0 Months Ended |
1 Months Ended |
0 Months Ended |
3 Months Ended |
0 Months Ended |
1 Months Ended |
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0 Months Ended |
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0 Months Ended |
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Apr. 19, 2013
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Apr. 08, 2013
Subsequent Event [Member]
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Apr. 05, 2013
Subsequent Event [Member]
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Apr. 30, 2013
Subsequent Event [Member]
Mr Mcguire Chief Executive Officer [Member]
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Apr. 19, 2013
Subsequent Event [Member]
Drw Commodities, Llc [Member]
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May 31, 2013
Subsequent Event [Member]
Drw Commodities, Llc [Member]
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Apr. 19, 2013
Subsequent Event [Member]
Senior Credit Agreement [Member]
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Mar. 31, 2013
Subsequent Event [Member]
Senior Credit Agreement [Member]
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Apr. 19, 2013
Subsequent Event [Member]
Junior Term Loan A [Member]
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Apr. 19, 2013
Subsequent Event [Member]
Junior Term Loan B [Member]
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Apr. 19, 2013
Subsequent Event [Member]
Kayne Anderson Credit Advisors, Llc [Member]
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Apr. 30, 2013
Subsequent Event [Member]
Donald R Wilson [Member]
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Apr. 08, 2013
Subsequent Event [Member]
Donald R Wilson [Member]
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Apr. 08, 2010
Subsequent Event [Member]
Gregory H Sachs [Member]
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Apr. 08, 2013
Subsequent Event [Member]
Gregory H Sachs [Member]
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Apr. 08, 2010
Subsequent Event [Member]
Sponsor [Member]
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| Business Acquisition Cost Of Acquired Entity Common Stock Issued |
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400,001 |
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| Business Acquisition Cost Of Acquired Entity Shares Deposited In Escrow |
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300,000 |
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| Business Acquisition Cost Of Acquired Entity Cash Payable On Prorata Basis |
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$ 10,000 |
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| Business Acquisition Cost Of Acquired Entity Cash Deposited In Escrow |
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10,000 |
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| Business Acquisition, Cost of Acquired Entity, Purchase Price |
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23,500,000 |
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| Business Acquisition, Cost of Acquired Entity, Cash Paid |
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21,000,000 |
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| Business Acquisition, Cost of Acquired Entity, Equity Interests Issued and Issuable |
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250,000 |
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| Common Stock Redemption Price |
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$ 10.00 |
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| Shares Purchased In Tender Offer |
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4,551,228 |
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| Approximate amount of Shares purchased in tender offer value |
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45,500,000 |
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| Class of Warrant or Right, Number of Securities Called by Warrants or Rights |
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533,333 |
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| Debt Instrument, Face Amount |
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800,000 |
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400,000 |
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400,000 |
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| Debt Instrument, Convertible, Conversion Price |
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$ 0.75 |
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| Debt Conversion, Original Debt, Amount |
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200,000 |
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295,000 |
| Business Acquisition, Equity Interest Issued or Issuable, Value Assigned |
45,000,000 |
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| Business Acquisition, Cost of Acquired Entity, Transaction Costs |
1,523,251 |
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| Business Acquisition Adjustments To Equity Interest Issued Or Issuable Value Assigned |
2,000,000 |
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| Business Acquisition Adjustments To Equity Interest Reimbursement Of Cost and Expenses |
250,000 |
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| Proceeds from Issuance of Long-term Debt |
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24,000,000 |
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2,500,000 |
7,500,000 |
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| Long Term Debt Percent Age Bearing Variable Interest Rate Description1 |
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Base Rate plus 7.25% |
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| Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate |
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LIBOR Rate plus 8.5%. |
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| Additional Interest Rate In Case Of Default |
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2.00% |
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2.00% |
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| Amortization Of Principal Per Quarter |
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600,000 |
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| Prepayment Of Debt In Case Of Excess Cash Flow Percentage |
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50.00% |
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| Prepayment Of Debt In Case Of Asset Sale Percentage |
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100.00% |
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| Prepayment Of Debt In Case Of Extraordinary Cash Receipt Percentage |
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100.00% |
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| Unrestricted Cash On Hand Of Loan Parties |
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5,000,000 |
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| Debt Instrument, Unamortized Discount |
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315,000 |
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| Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate |
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12.00% |
16.00% |
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| Long Term Debt Percentage Bearing Fixed Interest Rate Description |
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a fixed rate equal to the greater of 16% per annum and the current rate of interest under the Senior Credit Agreement relating to the Senior Credit Facility plus 4%. |
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| Stock Issued During Period, Shares, Issued for Noncash Consideration |
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31,500 |
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31,500 |
100,000 |
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| Stock Issued During Period Shares Share Based Compensation Cancelled |
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120,000 |
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| Shares Purchased Under Agreement Number Of Shares |
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500,000 |
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| Stock Purchased Under Agreement Purchase Price Per Share (in dollars per share) |
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$ 10 |
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| Line Of Credit Facility Fixed Interest Rate |
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15.00% |
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| Line Of Credit Facility Fixed Interest Rate Payment In Kind |
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5.00% |
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| Officers' Compensation |
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450,000 |
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| Maximum Annual Bonus |
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$ 480,000 |
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| Interest Rate Floor Percentage |
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The LIBOR rate is subject to a floor of 1.5%. |
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